App Designer · Chicago, IL · Member since 2013 · 124 posts · 31 votes
I'm trying to get a better understanding of what the most significant pain points are for DIY (do-it-yourself) property investors. That is, those of you who own rentals and manage them personally (as I do).
Some questions I have so far:
why are you a DIY owner instead of using a PM company? Is it only because of cost savings?
what is your method for keeping track of all of your asset/task information (buildings, tenants, leases, listings, repairs)? Excel? Paper files? Software X?
how did you choose the method above? What do you value most about your particular choice?
what other things do you have to keep track of regularly as it concerns your rental business?
Any other things I should consider? Thank you for sharing your insights.
Rental Property Investor · San Jose, CA · Member since 2013 · 486 posts · 170 votes
12y
1. I wanted to learn the trade of landloring so when I'm forced to use PM due to scale, I will know how to hold my PMs accountable.
2. Google Drive, sheets, and Asana. I'm looking for other ways to improve.
3. I like having everything based in the cloud. Asana is a great collaborative Project Management software that I can use to assign my contractor tasks and it provides me with a dashboard to see what my proprieties are for each property.